Section 44ad
This query is : Resolved
18 February 2012
Hello sir,
My wife has income from BHARAT GUNTHAN WORK.
Total turnover is 550420/-, i want to know that it is mandatory to file ITR-4s(sugam)?
Can i file ITR-4 ?
My wife has income from BHARAT GUNTHAN WORK.
Total turnover is 550420/-, i want to know that it is mandatory to file ITR-4s(sugam)?
Can i file ITR-4 ?
CA Hardik Bunha
(Expert)
18 February 2012
yes if u have only income from business which is covered u/s 44ad then u have to file 4S.
But in some cases u can file itr 4
as when u have income from house property from 2 houses.
as when capital gain arise.
if u filed itr 4s scrutine will not arise for your case.
But in some cases u can file itr 4
as when u have income from house property from 2 houses.
as when capital gain arise.
if u filed itr 4s scrutine will not arise for your case.
CA PARAS BAFNA
(Expert)
19 February 2012
To file ITR 4S is a simple "stitch" work.
.
To file ITR 4 is really more typical than the "BHARAT GUNTHAN" work.
.
If your wife is doing that work, it doesn't mean that the return should also be filed in the like manner.
.
However, being a risk taking person, if you want to file the return in ITR 4 only, you may do so. There is no denial from the department. It is more adventurous than to file in ITR 4S.
.
To file ITR 4 is really more typical than the "BHARAT GUNTHAN" work.
.
If your wife is doing that work, it doesn't mean that the return should also be filed in the like manner.
.
However, being a risk taking person, if you want to file the return in ITR 4 only, you may do so. There is no denial from the department. It is more adventurous than to file in ITR 4S.
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